By Edson Baraukwa | Africa Guardian The global climate conference, COP29, opens this Monday in Baku, Azerbaijan, with African nations intensifying efforts to combat climate change. The African Development Bank (AfDB) is leading this charge by advocating for more climate financing for Africa and introducing innovative approaches to account for Africa’s “green wealth” in national economies. Following COP28’s historic…
By Edson Baraukwa | Africa Guardian Tanzania’s President Samia Suluhu Hassan is set to officiate the Forum on China-Africa Cooperation (FOCAC) scheduled to take place in Beijing from September 4-6, 2024. She will join fellow African heads of state and government leaders for this significant event. The announcement was made by Tanzania’s Minister for Foreign Affairs and East African…
In response to the Declaration, President Ruto and the Bank Chief recognised Africa’s youth as the biggest asset for Africa and the whole world, praising their dynamism and innovation. Hundreds of young people from across Africa are demanding a significant role in decision making for climate action. Youth leaders, entrepreneurs and policymakers presented the Africa Youth Climate Assembly Declaration…
Liberia’s President George Manneh Weah has lauded the African Development Bank for its “significant” support in fostering growth and development in the West African country. In a message conveyed by Liberia’s Ambassador to Côte d’Ivoire Willye Mai King, President Weah thanked the Bank Group, led by Dr. Akinwumi Adesina, for providing critical support to Liberia, including funding the pavement…
More than $ 2 billion have been deployed by African Development Bank Group (AfDB) and other donors this year to support green electricity startups in Nigeria and the rest of Africa. In February, AfDB approved the Leveraging Energy Access Finance Framework (LEAF), under which the Bank will commit up to $164 million to promote decentralised renewable energy in six…
The bank’s liquidity buffer is among the strongest within the AAA-rated peer group, with liquid assets covering 101% of net cash outflows over an 18-month horizon ABIDJAN, Ivory Coast– Moody’s Investors Service (“Moody’s”) has affirmed the African Development Bank’s (www.AfDB.org) Aaa long-term issuer and senior unsecured ratings. The outlook remains stable. In a rating action note dated 28 October…